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    Property profile & analytics

    2870 Montgomery Hwy Dothan, AL 36303

    • Turn key restaurants
    • 5,217 SF
    • 0.84 lot acres
    For Lease
    View listing
    $33 SF/Yr
    Value Estimation
    $955,000
    Last Sale
    Sep 13, 2021
    $860,000
    Location Intelligence
    Property ID
    US03-1376662
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 2870 Montgomery Hwy

    Year built
    1980
    Lot size
    0.84 lot acres
    Property size
    5,217 SF
    Property type
    Turn key restaurants
    APN
    09-02-10-4-005-002-002
    APU
    902104005002002

    Description

    This exceptional retail opportunity presents 2,998 square feet of newly renovated space within a vibrant Dothan, Alabama retail center. Located at the high-traffic intersection of Ross Clark Circle and Montgomery Highway (Hwy 231), this property benefits from a combined daily traffic count of 73,690 vehicles. The center is part of a thriving retail corridor, anchored by an Urgent Care facility and the Vitamin Shoppe, and situated near Wiregrass Commons, Shoppes on the Circle, and Northside Plaza. This is a redevelopment of an existing 11,500 square foot building, offering multiple tenancy options suitable for a variety of businesses, including optical, physical therapy, salon, dental, or restaurant uses. The property's prime location and high visibility ensure maximum exposure to a large customer base. This is an excellent chance to establish or expand your business in a high-demand area of Dothan, within a well-established and successful retail center. The address is 2870 Montgomery Hwy, Dothan, AL 36303, in Houston County.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,105,000

    • CAP approach

      CAP return
      Estimation
      6%
      $905,000
      6.5%
      $855,000
      7%
      $900,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $795,000
      Geo Method
      $795,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $790,000
      Retail
      $735,000
      Mixed-Use
      $1,005,000
      Hospitality
      $895,000
      Educational
      $815,000
      Residential Income
      $990,000
      Energy
      $790,000
      Income-Based Land
      $870,000
      Food Service
      $730,000

    Location Insight

    • Map
    • Local Demand
    City
    Dothan
    County
    Houston
    State
    Alabama
    Longitude
    -85.4236
    Latitude
    31.2488
    CBSA code
    20020
    CBSA name
    DOTHAN, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,509
    $0.00
    $0.00
    $101,700
    -
    $345,800
    $162,700
    $508,500

    Comparable in this City

    • Value Estimation by Request
      7,647 SF

      3730 Montgomery Hwy

      RESTAURANT • 7,647 SF
      3730 Montgomery Hwy, Dothan, AL 36303-2168
      View Details
    • Value Estimation by Request
      7,650 SF

      3102 Ross Clark Cir

      RESTAURANT • 7,650 SF
      3102 Ross Clark Cir, Dothan, AL 36303-3038
      View Details
    • Value Estimation by Request
      4,506 SF

      3385 Ross Clark Cir

      RESTAURANT • 4,506 SF
      3385 Ross Clark Cir, Dothan, AL 36303-3041
      View Details
    • Value Estimation
      $310,000
      2,410 SF

      131 Foster St

      RESTAURANT • 2,410 SF
      131 Foster St, Dothan, AL 36303-4539
      View Details
    • Value Estimation by Request
      2,518 SF

      4185 Montgomery Hwy

      RESTAURANT • 2,518 SF
      4185 Montgomery Hwy, Dothan, AL 36303-1518
      View Details
    • Value Estimation by Request
      1,116 SF

      512 Houston St

      RESTAURANT • 1,116 SF
      512 Houston St, Dothan, AL 36303-6026
      View Details

    Similar Nearby for Sale

    • $4,000,000
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      Golden Corral NNN Lease, Dothan, AL

      High-yield, 10,483 SF QSR/Restaurant
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      View Details
    • $2,798,000
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      Westgate Parkway Commercial Property

      Highly visible commercial property on 2.43 acres, formerly a restaurant.
      1708 Westgate Pkwy, Dothan, AL 36303
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      5,256 SF

      Dothan Restaurant Site For Sale

      Restaurant site on Ross Clark Circle, Dothan, Alabama.
      3421 Ross Clark Cir, Dothan, AL 36303
      View Details
    • $1,300,000
      0.51 Acres

      Dothan Commercial Opportunity For Sale

      High-visibility commercial property on a heavily traveled highway in Dothan.
      4630 Montgomery Hwy, Dothan, AL 36303
      View Details
    • $985,000
      6,353 SF

      Former Restaurant on Retail Corridor

      Spacious former restaurant in high-traffic retail area for sale.
      3501 Montgomery Hwy, Dothan, AL 36303
      View Details
    • Contact for pricing
      28,789 SF

      Downtown Dothan Mixed-Use Gem

      Historic building, multiple income streams
      191 Foster St, Dothan, AL 36303
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    Similar Nearby for Lease

    • $33 SF/Yr
      2,998 SF

      Dothan Retail Space - Hwy 231

      High-traffic retail space, 2,998 sq ft.
      2870 Montgomery Hwy, Dothan, AL 36303
      View Details
    • Contact for pricing
      174,064 SF

      Northside Plaza Medical Office Space

      Dothan, AL medical office suites available. Multiple sizes, high visibility.
      3489 Ross Clark Cir, Dothan, AL 36303
      View Details
    • $24 SF/Yr
      1,100 SF

      Dothan Retail Space for Lease

      High-traffic retail space available now.
      5031 Montgomery Hwy | Dothan, AL 36303, Dothan, AL 36303
      View Details
    • Contact for pricing
      8,960 SF

      Prime Retail Space Near Mall

      High-visibility retail space with customizable layout and ample parking.
      200 Buyers Dr, Dothan, AL 36303
      View Details
    • Contact for pricing
      633,118 SF

      Wiregrass Commons Mall Retail Space

      Dothan, AL Shopping Mall Space Available
      900 Commons Dr, Dothan, AL 36303
      View Details
    • Contact for pricing

      Dothan Retail Pad Site

      Ground lease opportunity in Dothan, Alabama shopping center.
      4401 Montgomery Hwy, Dothan, AL 36303
      View Details
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    2870 Montgomery Hwy
    Dothan, AL 36303
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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